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Investment and insurance company $HIG expects low single-digit written premiums growth in 2016 driven by small commercial and middle market. The company expects Commercial Lines combined ratio before catastrophes and prior accident year development to be between approx. 89-91 for 2016 versus 90 in 2015.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.